On April 3rd 2014 Richland Towers was acquired by American Tower Corporation. http://www.aglmediagroup.com/american-tower-details-richland-towers-purchase/.
American Tower officials provided some color on the acquisition of 60 tall towers from Richland Towers, which occurred subsequent to the end of the first quarter. The transaction amounted to nearly $450 million in total consideration plus the assumption of $197 million in secured debt, according to Tom Bartlett, company CFO.
The towers are populated mostly by radio and television broadcasters, but American Tower may have some creative ideas for additional tenants. “We picked up 60 high-quality U.S. towers in early April to further cement our leading tall tower position in the United States,” Bartlett said. “We expect that these types of towers may also be a platform for fixed broadband wireless video in the future.”
American Tower is increasing its outlook for adjusted EBITDA by $50 million, in part because of the expected $20 million contribution from the Richland Tower portfolio.
Company Details
- Employees
- 8
- Founded
- -
- Industry
- Telecommunications
- NAICS
-
TelecommunicationsOther TelecommunicationsTelecommunications ResellersAll Other Telecommunications
- Website
- http://www.americantower.com
- Keywords
- Show more similar pages.
Richland Towers Questions
Richland Towers's website is http://www.americantower.com
Richland Towers's LinkedIn profile is https://www.linkedin.com/company/richland-towers
Richland Towers has
8 employees.
View email and phone details for 8
employees at Richland Towers.
Richland Towers's industry is
Telecommunications
Richland Towers's top competitors are
Richland Capital Holdings,
Knr Therapy,
Acg Tampa Bay,
Bayshore Growth Partners,
Vision Point Capital,
Shields Health Innovations,
Skyway Capital Markets, Llc,
Welsh, Carson, Anderson & Stowe,
Richland Investments, Llc,
Embarc Collective.
Richland Towers's categories are Telecommunications
Richland Towers's founding year is 1996
